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Updated over 1 year ago on . Most recent reply

Bagus A.'s profile image
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Bagus A.
  • New to Real Estate
  • from Rockville, MD
  • Member since Feb 10, 2021
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Bagus A.'s profile image
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Bagus A.
  • New to Real Estate
  • from Rockville, MD
  • Member since Feb 10, 2021
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Bagus A.
  • New to Real Estate
  • Rockville, MD
20
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20
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General Landlording & Rental Properties

Homeowner Insurance or Landlord Insurance

Bagus A.
  • New to Real Estate
  • Rockville, MD
Posted

Hi, I am a new investor. As for investment property, do we need either homeowner insurance or landlord insurance, or both?  what's the best practice for the starter ?. FYI I won't live there. Appreciate anyone who shares experience and insight. Thank you.

Pittsburgh, Pennsylvania
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John Underwood
#1 Short-Term & Vacation Rental Discussions Contributor
  • Investor
  • Greer, SC
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John Underwood
#1 Short-Term & Vacation Rental Discussions Contributor
  • Investor
  • Greer, SC
Replied

You need just a landlord policy for LTR properties. You need a commercial STR policy for short term rentals.

You need a homeowners policy for your personal house where you live and there is no rental activity. 

  • John Underwood
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